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English 85
Search Results 0 to 49 of about 85 (some duplicates have been removed)
FOX Business
Dec 28, 2012 6:00pm EST
. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to include something on the estate tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. they want any dollar and increase of the debt ceiling to also involve a dollar in cuts over 10 years. if they don't have those corresponding cuts, it is unlikely that many of them will vote for an increase in the debt ceiling. removing them from the equation helps pave the way, at least for what wil
FOX Business
Dec 30, 2012 10:00pm EST
tax. they 6 worked together before and they have succeeded reaching a deal before and folks on capitol hill they can do so again. >> less than 26 hours from what everyone calls a fiscal cliff. it would be comprehensive big package we hear them talk about, the big compromise that speaker boen and the president had worked out a year and a half ago? >> if you want what is known a as the grand bargain you would likely get in two steps. a small down payment, a tax rate increase and some of the spending measures and some of the other tax measures and perhaps instructions for the next six to eight months to congress to work on entitlement and spending reform and broader tax reform package. but all those specific details when you talk about entitlements and spending on the bigger side. $3-4 trillion deal that would have to be filled in over the next year. >> all right. rich, we appreciate it. just a reminder, 5:00 a.m., cheryl casone will have the latest on overseas trading but also any potential deal or leak that has a deal may be in the works. find out right here on the fox big network. fox
FOX Business
Dec 30, 2012 8:00pm EST
minority leader. the last time they finished the deal the tax deal we got a couple years ago that extended tax rates, cut the social security tax by a couple points. all of that ongoing right now and that is really the last hope we have to get something done before the fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. because it's eventually going to have to go through the house? >> absolutely. they would remaining in contact. just to make sure that the house would be agreeable to whatever the senate minority leader put out. democrats would have to be apprised of that as well but any agreement is probably going to need democrats in the house of representatives. the house is also working on a number of procedural maneuvers tonight to pave the way for quick votes over the next few days. they are not actively involved in the negotiations but if these two are to get a deal, vice president and senate minority leader the house could do a quick vote. >> two other things, first, if they don't do a deal, what can the average american, expect
FOX Business
Dec 28, 2012 10:00pm EST
, but this legislation is what is said. the legislation s the expiration of the tax cuts after 10 years. if nothing is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a very difficult situation for speaker boehner and the house republicans to be in. i feel very sorry for them. they are caught in a trap. lou: a trap, a conundrum that was perfectly visible. it was transparent where we would be. and the republicans, the republican leadership, the republican national committee. all of the so-called wise men and women of the party did absolutely nothing to prepare for this strategic moment, and they are coming up woefully short. >> that's very true. you knew it happened 10 years ago when there was a provision that this was going to happen. here it is. i think the key for the republicans from my standpoint is to get this over with as quickly as possible. the serious business of trying to prevent spending increases and other programs. without giving up the position of republicans and being able to get those tax cuts. we will have an awful 2013 and
FOX News
Dec 31, 2012 3:00am PST
want to use more tax dollars to reduce spending. we'll have the details ahead. >> we are live in time square. they are setting up the barricade and barriers out there. more on that . maria molina is down there am she is tiny amongst the sky scrapers. "fox and friends" begins right now. ♪ ♪ "fox and friends". ♪ it is nice and calm and in a few hours it will be bonkers. >> you have been down on the crazy evening. what time do they get down there? >> they start in the afternoon. they have everything in the gates carrolls -- carols and you can't go anywhere . >> adult diapers. >> pretty much. we talked about it earlier. >> it is new year's eve . if you are partying, time squares just at home we have your cure for the hang over and what you should drink and what you should not drink. >> a whole table. >> peter: i went and bought myself aspargus . what it can do to prevent a hang over. >> first, it is it the final day of the year. we can't really celebrate yet the way we would like tompt >> dave: neither can congress . >> at this hour we don't have closure . we thought it was looking
CNN
Dec 30, 2012 4:00am PST
is on the fiscal cliff. washington has less than 48 hours to make a deal before billions in tax increases and spending cuts take effect. senate negotiators stayed late into the night trying to work out a plan that would pass a vote. both houses of congress would convene later this afternoon in a rare sunday session. in his weekly address, the president took his message directly to the public calling for congress to come together to pass a deal. >> for the past couple months, i have been working with people in both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy and shrink our deficits. it's a balance plan. one that would protect the middle class, cut spending in a responsible way and ask the wealthiest americans to pay a little more. and i'll keep working with anybody who's serious about getting a comprehensive plan like this done because it's the right thing to do for our economic growth. but we're now at the point where in just a couple of days the law says that every american's tax rates are going up. every american's
FOX
Dec 31, 2012 2:00am PST
happens if big tax hikes and spending cuts take effect? will washington come up with a last-minute compromise? plus, where are we headed on new demands for gun control? and, will we ever get all of the answers to the benghazi terror attacks? we'll cover a lot of ground when we sit down with two leading senators: democrat dianne feinstein and republican lindsay graham. also th 2012 in the rearview mirror we look ahead to 2013. our sunday panel weighs in on what we'll be talking about in the coming year. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. well, it turns out the fiscal cliff is going to be a cliff-hanger. with less than two days until the new year, senate leaders are still trying to work out a deal, to avoid tax increases on almost every american. but, any compromise will do close to nothing about our debt problem. joining us now, to discuss what kind of deal they will and won't vote for, are two key senators, democrat dianne feinstein and republican lindsey graham. senators, welcome back to fox news sunday. >> thank
CSPAN
Dec 27, 2012 1:00pm EST
for the economy. and the transaction tax is being taken very seriously in europe and probably will happen there, even though the u.k. is kicking and screaming because they specialize in being the home of trading, whether trading in stocks or derivatives or anything else. they simply do not want that to be taxed. there are people in congress. i think wall street is now the number-one contributor to political campaigns. at least, it is in the running for number-one. i have been to washington many times and i'm involved with several groups that are trying to reform the business sector so that it can work, so that it can survive. it is very difficult because of the sheer amount of money that the finance sector in particular is pouring into lobbying and campaign contributions. it is very difficult. >> let's give a round of applause for lin. -- lynn. [applause] there is an opportunity for you to purchase and have the but signed. if you have court-further questions, she will be here signing books. thank you all and have a safe trip home. [captioning performed by national captioning institute] [caption
CNN
Dec 29, 2012 11:00am PST
these prevent it, in control of whether or not your taxes go up come new year's day. harry reid, minority leader mitch mcconnell, house speaker john boehner and house democratic leader nancy pelosi met at the white house yesterday afternoon with the president and vice president. here's where things stand right now. the senate leaders are meeting aiming to avoid tax hikes. and they may vote on a deal sunday or perhaps on monday. jessica yellin is our chief white house correspondent. lisa day jar dayne is on capitol hill. the president used his bully pulpit to reinforce the idea that senators need to get busy. so let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> so jessica, you were
CNN
Dec 29, 2012 3:00pm PST
brings one that is a real doozy, billions in tax increases and across-the-board spending cuts take effect. it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should it be bigger or smaller? about whether we want lower taxes or more of a social safety net. so while we have seen the principles, the president, speaker boehner, and now senator mcconnell and reid trying to get involved in stages in the last few weeks, it has always broken down because they fundamentally disagree about the big ideas over the core of this debate. they're fighting between the two parties. and this could get resolved in a matter of days or weeks. but the big difference, the issues could
WETA
Dec 28, 2012 6:00pm EST
was at the white house today, trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousness of the sick jubilation. the problem is withdrawing government demand from the economy too big spending p
CNBC
Dec 26, 2012 6:00am EST
1. >> i think we're dealing now with whether or not we can put off the -- the increase in tax rates. that's really all we can deal with now. >> the next session of the senate is now set for tomorrow. the house has nothing on its schedule for this week. members have been told they could be called back within 48 hours' notice. meantime, and this i guess is also the big news, the white house saying the president's going to be flying back from vacation in hawaii today. a lot of people making something of that. i don't know what it means ultimately. >> well, one thing it means -- >> a show of something. >> if i had to get back from hawaii at a minute's notice, you know what it would be. the president will have an easier time of it, i think. right? >> i noticed a couple of news reports saying the cost of the last-minute flight is about $250 -- >> he's the president, he's allowed. he's not going to be like in -- you know, transferring in san francisco or l.a. or something. and hoping that flight isn't -- i think he can just sort of -- >> the good news. >> he can probably work on the way ba
FOX News
Dec 27, 2012 7:00pm PST
at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot of cut to the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i actually see financial problems for our nation at the bottom of the cliff and that's why i want to get a solution. >> tomorrow do you think it's going to be the beginning of the emergency meeting at the white house, is it the beginning of a deal or is it a political drama? >> my concern is it may be a political charade by the president and harry reid and nancy pelosi. i hope it actually is the beginning of a deal because if we don't get it done now, we need to go and make sure that things get done so we don't raise taxes and taxes aren't raised for all these americans that are looking at it come january 1st. >> why did he fly all the way back from hawaii and cut his vacation short if he's eager to go over the cliff in is that part of his charade. >> if he wants to actually blame other people for his lac
FOX
Dec 30, 2012 10:00pm EST
economy. officials in prince george's county says the team contributes tax revenues from the game and income tax revenues from employees at the field. local businesses are raking in the cash. lauren demarco has the story. >> reporter: each time the redskins play at home, prince george's county brings in approximately half a million dollars in direct revenue. the executive director of the county's conference and visitor's bureau says what really matters is fan attendance. >> there is a 10% admission tax on tickets told. >> reporter: then the out of towners. >> 5% county hotel tax. so that will contribute as well. >> reporter: along with the direct revenue coming into the local government, many of the businesses here in prince george's county also reap the benefits during game time. >> loaded up, got our subs and everything like that. plenty of beer. >> reporter: rg3's jersey is selling the most. >> which jersey do you want? >> rg3. >> reporter: it's hard to keep up with demand. >> rg3 jerseys. we have some women seizes left and kids. >> reporter: winter hats sold out. >> you have t
FOX Business
Dec 27, 2012 9:20am EST
.o.p. that they should not stand in the way of a last minute deal on the fiscal cliff, democrats demanding higher tax rates on the so-called wealthy. joining us now is former investment banker carol roth. a, it seems like a total standoff and b, seems like we're headed over that cliff, it looks like it. here is the question for you, carol, if we go over the that cliff what happens to the markets? >> well, stuart, i think if we go over the cliff, the markets are going to react negatively, they reacted negatively the last time we revisited the debt ceiling for tarp, so, i don't think that the markets are going to be particularly happy, but i don't know that it's necessarily for the right reasonss i to think that we're going to get a deal here, but i think it's going to end up happening late january, maybe middle of january, but at the end. day, stuart, it doesn't solve any of our problems. stuart: i agree, i agree. >> and i'm so frustrated that we're 13 months in, we've had 13 months to figure it out and we're at the 11th hour. stuart: everybody is. the mood of the country, furious nothing is happening
MSNBC
Dec 26, 2012 4:00am PST
look -- whatever you think about his tax return, he's given substantial money to charity, he might want to talk about that today. i don't know what he's going to talk about. >> i heard what the secretary said yesterday about elites not paying taxes. are you comfortable with a lot of the talk that's been going on in the democratic primary and even at the democratic national convention that seemed to border on class warfare? when you yourself said, if america wants to be more competitive in the 21st century, we're going to have to lower corporate tax rates, if america's going to be more competitive in the 21st century, we'll have to look at how we make this country more competitive -- >> i think we should lower corporate tax rates, but i think it's worth pointing out that of the 33 countries and the oecd, the group of wealthier nations, only chile and mexico take a smaller percentage of their income in taxes than we do. it's worth pointing out that if you have a lot of money and you earn only capital gains, you pay 15%, which is radically lower than the rates that any other advanced socie
CNN
Dec 26, 2012 6:00am PST
about the fiscal cliff lately. how will it actually affect you? what happens to your taxes if we go off the cliff? according to the tax policy center if you're sing well no children and make $50,000 a year you will see your taxes go up by $1,500 if no deal is reached. married couple with two kids making $100,000 would see their taxes go up a whopping $5,300 per year. taxes will go up the same amount underneath the democratic and republican plans if no deal is reached. just one day after the christmas holiday, president obama is packing his bags, heading back to washington to try to forge a deal on the fiscal cliff, with just six days left to negotiate, a deal to avoid the catastrophic cliff, the president will leave hawaii tonight to try to work on a bargain between democrats and republicans. brianna keilar is traveling with the president in hawaii and joins us now. good morning, brianna. did the president cut his vacation short or was it planned all along? >> reporter: he did cut his vacation short from what was initially planned which was to go through the new year, so yes, he cut it
CNN
Dec 26, 2012 1:00pm PST
. and a mad scramble is on here in washington to avoid the drastic tax hikes and spending cuts that many fear will plunge the economy back into recession. president obama flies back from hawaii tonight to be ready if the senate comes back with a plan when it returns to work tomorrow. and house leaders are huddling with members on stand-by to return. senior congressional correspondent dana bash is following all of it for us. what are you hearing? >> there was a conference call of course members of the house leadership even, they're back in their districts, but there was a conference call today among those house republican leaders trying to figure out if and when the house should come back into session. two republican sources tell me they did not make a decision on this call. it's still up in the air. and a big reason for that is if anything can get done in the next six days, the ball is in the senate's court. the capitol is a ghost town. neither chamber in session. an eerie calm since the fiscal cliff only congress has the power to avert is less than one week away. from their home, senate demo
FOX Business
Dec 24, 2012 8:00pm EST
hard look at the whole country. my taxes went up 39% and came down 49%. how can anybody get excited about that when you're like god. so somehow we have to get strategic leadership that says that we need to get this engine and the economy pumping again. neil: do you think, andthis is mentioned by mitt romney a lot. you know that you are going to do things differently? dubai that? >> everybody talks about reducing taxes because they want more capital to grow their business. but it's also regulatio. businesses are confronted at the township and city level. >> here in chicago, you need 161 licenses to open up the business. >> if you open up a job shop, you have to have a license to ve them a bath. it'sidiculous. why can't we consolidate some of these things and reduce the bureaucracy? it isn't about the people collecting anything but a paycheck. neil: they must realize that the more they push this, the more it it endangers the economy and their very jobs are oine. >> you would think so, when you? there is a lot of evidence that says those people inside the beltway are living in a bubble
MSNBC
Dec 28, 2012 11:00pm PST
with congressional leaders this afternoon and declared he was modestly optimistic about a deal on taxes. speaking in the white house briefing room, president obama condemned congress for failing to resolve its differences in any normal way. >> christin, let's take a listen to what the president said about the up or down vote about what he expects to emerge from the senate. >> i just had a good and constructive discussion here at the white house with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic. if an agreement isn't reached in time, between senate store reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote. i believe such a proposal could pass with bipartisan majorities. >> this up or down vote seems to be the big news of the day. isn't this what the white house wanted all along? >> well, it is. it's president's obama's way of saying vote on his basic proposal. it would extend in employment insurance benefit and deal with unemployment insurance cuts. >> so the question is, could
CBS
Dec 30, 2012 1:35am EST
. >>> as the end of the year deadline approaches to avoid a series of tax increases and spending cuts that will impact most americans, senate leaders are trying to put together some kind of agreement to avert the so-called fiscal cliff. the senate and house are back in session tomorrow, and a last- ditch effort to make a deal. senate republican leader mitch mcconnell left the capitol tight lipped but smiling after work behind closed doors to avoid the so-called fiscal cliff. >> reporter: did you make progress today, sir? >> reporter: he and harry reid are working on a deal that avoids a middle-class tax hike. the plan is to present it to the full senate for a vote sunday, then sent over to the house. house speaker john boehner was also at the capitol but left with no comment. both sides remain at odds over the democrats' insistence that the rich pay more taxes. obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the
FOX News
Dec 24, 2012 6:00am PST
center is up next. gregg: and just eight days left until massive tax hikes and spending cuts kick in affecting the lives of every single american. so with washington on vacation, is this now simply unavoidable? we'll take a look for answers next. >> i think the president is eager to go over the cliff for political purposes. i think he see as political victory at the bottom of the cliff. heather: we have breaking news of yet another shooting. just crossing the wires. report that is a gunman has opened fire on firefighters responding to an emergency. this happening in webster, new york, near lake ontario. david lee miller live in our new york newsroom with the latest. david lee, what can you tell us? >> reporter: many details are still sketchy, heather but at this hour i can tell you firefighters were responding to a blaze at 6:00 this morning in the town of webster. webster is a suburb of rochester, new york. it is difficult to fight a fire when temperatures are 30 degrees. someone according to media reports, someone opened fire on firefighters. two firefighters are being treated.
NBC
Dec 28, 2012 7:00am EST
and family. >> the average family earning $50,000 to $75,000 a year will see their taxes rise $2400 in 2013. >> reporter: income tax rates go up at every level. taxes on capital gains and dividends will jump. the 2% payroll tax holiday ends. the alternative minimum tax will hit more families. long-term unemployment benefits expire. >> sad it got to this point, and it's scary, if anything. hopefully they're able to get to something this week. >> reporter: analysts say congress may miss its own deadline, and that could tee up a january fix, but damage may be unavoidable. >> when push comes to shove, they will find a way to bridge their differences. and it may not be pretty, but it will get done. it may get done in such a chaotic fashion that the economy will pay a price. >> reporter: so we hear from more democrats and republicans this sort of acceptance they might slip past that january 1st deadline and keep working on this. at the same time, both sides said they want to get a deal, and they know there's a lot of pressure from their constituents, from the larger political environment to do so
CNN
Dec 26, 2012 9:00am PST
places you might feel it is in your paychex. the payroll tax holiday expires. that means $83 less per month if you make $50,000 a year. the bush era tax cuts expire, and it's not clear what the tax rate would be. but the average household would see a tax increase of $3500 a year. that is according to the fax policy center. what about the 2012 tax returns? well, there would no fix for the alternative minimum tax, and that would delay tax filings. as many as 100 million people might not be able to file their return until late march. that means tax refunds could also be delayed, and some major tax credits would expire as well including the child tax credit and the earned income tax credit. >>> from a mars landing to a deep water dive, scientific and technical breakthroughs this past year were amazing. here's john zarrella with a look at the top 10. >> at number 10 a revolutionary camera called litro. >> it's such a powerful technology breakthrough, that this will forever change how we take and experience pictures. >> it captures the entire light field ail louse the focus and perspective
FOX News
Dec 28, 2012 3:00am PST
't raise taxes and we shouldn't raise them at all but can't do more than john boehner's plan b, and didn't go to a vote. >> one for million. icle >> it would raise you billion in revenue. they were not for it in the first place but maybe get something through if obama willing to cut. obama administration said if you pass it in the house and september passed it, obama would veto it anyway. they are so far apart. this i am flying back from hawaii and see if i can bring them back together. they are far apart as they have been. >> kelly: why are they having the meeting? because of the talk and rhetoric is ramping up and the agreement is going down. i mean, for example, senate majority leader harry reid is name calling and calling john boehner a dictator . this is what he had to say. >> the american people i don't think the house representative is operating without the house of representative. it is being operated with a dictatorship of the speaker not allowing the vast majority of the house and representatives to get what they want. >> that sounds ridiculous f. it was a dictatorship boehner
FOX News
Dec 25, 2012 7:00am PST
upheld as a tax which i agree w. the long and short of it was it's the same analysis that we rendered all yearlong. it's 2700 pages long, i'm not sure anybody understan understands. i asked a friend of mine who is a physician can you tell me what is in the health code. he looked at me bang leave. >> john, what do you think about the court a growing to take up two gay marriage cases, what could be the impact of that? >> well, the court has a balancing act to do. obviously if you're a person of homosexuality and would like your rights there is an equal protection clause in the constitution. so the court is actually going to be visiting this and applying a balancing test to what if any rights gay people and gay marriages have, and apply it accordingly. it will be interesting to see how the court particularly will interpret that classification of people, specifically homosexuals and what they want to do, which is get their full rights as any one of us members of society have. that is going to be interesting. going become to the obama clause, the obama healthcare act i thought that was a parti
NBC
Dec 31, 2012 7:00am EST
something done before your taxes go up? >>> and oh, baby. kanye wecakanye west surprises y announcing his girlfriend, kim kardashian, is pregnant with their first child. how her family is reacting to the news "today," monday, december 31st, 2012. >> announcer: from nbc news, this is "today" with matt lauer and savannah guthrie live from studio 1a in rockefeller plaza. >> welcome to "today" on a very busy monday morning. i'm willie geist. >> and i'm erica hill. matt and savannah have the morning off. >>> we'll have the latest on secretary of state clinton's condition in a live report straight ahead. it is the last day of 2012. >> you and i are both in the same situation with young children. >>> people filing into times square in new york city. it is the world's biggest party. of course, security will be extremely tight. we'll check in on celebrations there and around the world. >> then we'll catch up with three women that had us talking in 2012, including a mom that sparked debate over this picture. and an anchor who caught flack about her weight. >>> andrea mitchell joins us with the cond
CSPAN
Dec 25, 2012 10:00pm EST
, desperate to recoup some of the vast sums expended past the stamp act stamp act in 1765, imposing the tax of varying sizes on every business license and legal document in the colonies, as well as every copy of every magazine and newspaper, not to mention every deck of playing cards in play by those to see them through hard times. the cries of outrage were heard across the atlantic. americans were already out of work in cash and no hope. burdened by sugar and molasses taxes and sick and tired of it on wheels of bureaucracy right with overpaid incompetent functionaries who have no interest in the shoveling. columnist were taxed out and fed up and demanding a change. now, if this sounds like a recap of some of the rhetoric that has been flying across temporary airwaves, that is little surprise. tough times have always made for tough politics. but there is one significant difference to keep in mind. in fact, columnist had no hope. however illusory, that the next election or the other party might turn things around. in fact, there were no elections this absence. authority resided with the teen
FOX News
Dec 24, 2012 1:00am PST
of trying to change the tax code to limit charitable conjured -- contributions. do you agree on that especially the man from the ayn rand institute. [laughter] >> no. i believe to the extent we have a tax cut it should be as simple as possible with no attempt to dictate what they think is the good use of the money. social policy should not be done through the tax code. john: and i agree. [applause] people would still give. >> i think that point* of view has a great deal of merit but i applaud respectfully say the charitable deduction is an important part of american life. we don't have giving because of the charitable deduction but because we've value that. it is an important mechanism to link communities and. john: the charity does not the deduction. >> is a signal of a set of values. john: from facebook. do think it is better to give time or money? >> is great to do both. john: pic one. >> i don't. [applause] i think the best way to understand how way charitable organization works is to help achieve the mission is put to your time where your money is. john: people who give
MSNBC
Dec 28, 2012 2:00am PST
.i. . >>> right now on first look -- d-day for president obama and congressional leaders. automatic tax cuts and smaller paychecks hang in the balance. american military hero, four-star general known as stormin' norman schwarzkopf has died. >>> a fiscal milk cliff is looming. bears over the bruins in the holiday bowl. >>> good morning, even as the finger pointing continues on capitol hill this morning, new hope on a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going to see their paycheck reduced. it's going to eliminate unemployment extensions and initiate spending cuts across the board. >> how will people see this in their p
NBC
Dec 28, 2012 4:30am EST
>>> "d" day for president obama and congressional leaders. automatic tax hikes and smaller paychecks hang in the balance. >>> an american military hero the four star general known as stormin' norman schwarzkopf has died. >>> 16 deaths blamed on the most recent winter storm with another one on the way. >>> a fiscal milk cliff could be looming. thieves clean out a walmart, including guns, and bears over the bruins in the holiday bowl. "early today" starts right now. >> announcer: this is "early today" for friday, december 28th, 2012. >>> good morning, i'm mara schiavocampo. even as the finger pointing continues on capitol hill this morning there is new hope for a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle, what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last-minute meeting at the white house is going to b
CNN
Dec 25, 2012 4:00am PST
's a happy thought to start your christmas morning, dana. we're just one week away for tax hikes for every american, spending cuts that could cripple your family's budget and drag the economy back in recession. president obama not looking too worried about that. he spent christmas eve playing a round of golf in honolulu with friends. with the house hopelessly deadlocked any chance of averting the fiscal cliff will start in the senate and there's a bit of news on that front. our white house correspondent brianna keilar joins us live from honolulu, hawaii. so a slight bit of news. do tell. >> reporter: i hesitate to even say it's a slight bit of news because it's sort of exactly what we would expect, to be honest. the white house is talking about senate democrats about what senate majority leader harry reid will have to cobble together when the senate reconvenes on the 27th and that's really the last-ditch effort. it's seen as the senate trying to do something that can also pass the house, so this is exactly what you would expect. the real problem though is as of this morning, just a week ou
CNBC
Dec 27, 2012 5:00pm EST
on that and more importantly, we'll have our keen eye on discussions surrounding the 2% payroll tax cut which has been quite absent. so, hopefully tomorrow we'll see some sort of progress on that front. >> all right, gentlemen, thank you both for, all three for joining us today and we will watch very carefully. tomorrow could be very, very interesting. that does it for us. thank you for watching. >> indeed. "fast money" starting right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. cliff hanger. will we or won't we fall off the edge? only two trading days left to take your positions. block buster returns. his stock is up nearly 90%. michael burns of lionsgate gives us a sneak peak. and technical difficulty. why the charts are flashing warning signs for the with alls in the new year. let's go the traders. so, we ask you, dr. j, buyer or seller, and you're out? >> i'm out of everything. i am neither long nor short right here and the reason is because i think exactly what happened today, we could be sliding hard, mel, a
CBS
Dec 28, 2012 5:00pm EST
was at the white house today trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes there is little doubt in washington about the seriousness of the sick jubilation. the problem is withdrawing government demand from the economy too big spending programs cut
ABC
Dec 31, 2012 7:00am EST
this morning to put together an 11th hour compromise or we'll be ringing in higher taxes with the new year. jonathan karl is in washington. >> reporter: good morning, dan. the taxes are set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teerts on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the big es threat to our american economy is our american congress. >> reporter: leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying, he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i placed a call to the vice president to see if he could help jump start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: with
CNN
Dec 28, 2012 4:00am PST
remain before the u.s. goes over the edge. that means tax hikes and spending cuts that could trigger another recession. congressional leaders will meet today at 3:00 p.m. eastern time. the full house not even expected to return to work until sunday. here is the guest list for today's showdown. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. l
MSNBC
Dec 26, 2012 2:00am PST
. >> reporter: if congress doesn't change tax cuts in day, middle income earners will owe extra by the end of the year and they will cut back on auto industry, apparel and entertainment. >> once they cut back on that, that will be dramatic. >> reporter: retailers support 1 in 4 american jobs and if the downturn intensifies, those jobs are at risk. >> if retailers stop creating jobs, the economy as a whole stops creating jobs. >> reporter: the weight is excruciating for some and president obama left them $200 billion apart. >> the president was $200 billion higher on revenues and speaker boehner, $200 billion higher on spending cuts. >> if you get 80% of what you want, that's a pretty good day. >> reporter: tough decisions ahead, six days left. >> lawmakers will likely take on spending reform and tax cuts when the debate heats up. >> looks like they will be working over the new year. >>> a note was left by a suspected shooter that killed two firefighters christmas eve in new york. more details on the person already convicted of murder. >> reporter: police say the christmas eve ambush of fou
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